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Getting spendy

October 15th, 2018 at 05:08 am

We've had a lot of random spending lately (groceries, household, gifts, and entertainment). I currently have about 8 categories that are over budget. The reality is that the money is there in my account, but I really don't want to pull from the car fund, so I'm letting it sit over budget until Friday. DH's paycheck Friday should catch us up. That coupled with my paycheck next week will fund us through the end of October. If I top up all my goals categories (which I'll likely do), then our first November paychecks will go towards rent. I'd like to be more ahead, but for right now, it's okay since the car fund is sitting as a giant buffer in our account.

One other thing that I did recently was increase my retirement. I had always interpreted the 401k match incorrectly, thinking that it was 50% matched up to 4% meaning their max contribution would be 4%. That would mean I need 8% to max it out. However, it actually means that they only match on the first 4%. Since I already contribute 3%, I increased it to 4% to take full advantage of the company match. It will likely stay there for awhile. My latest projections have us debt-free except for the mortgage by 2021, so at that point, we'll start playing catch up.

3 Responses to “Getting spendy”

  1. creditcardfree Says:

    Great job on increasing your retirement contribution. I'm confused do you have a rental home? You mention rent and mortgage in this post.

  2. frugaltexan75 Says:

    WTG on increasing retirement!

  3. rob62521 Says:

    Good job on increasing retirement!

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